Tender volume takes a dive
Tender volume, a measure of how often shippers request carriers to move loads, has trended down in recent days. (Chart: SONAR)
Up until the past few days, for all the turmoil in trade policy and the financial markets, SONAR had not been showing much change in freight demand, as measured in tender volume. That changed the past few days as the volume of tenders, or electronic requests made by shippers to move loads, declined significantly to no longer track levels of two...
https://www.freightwaves.com/news/freight-industry-braces-for-drop-in-demand